In an interview with CNBC at the World Economic Forum in Davos, Switzerland, President Trump said he'd walked back tariffs on eight European countries. He's been threatening tariffs recently on countries that opposed his pursuit of Greenland, but has backtracked on some of those because he says he has the concept of a deal.
This caused the markets to rise tremendously in response to the news from Switzerland. The Dow Jones, NASDAQ, and S&P 500 all rallied big on Thursday, recovering from dips earlier in the week. The circumstance is still very volatile, and we'll have to wait and see what happens with Greenland and the effects it will have on the economy.
https://www.cnbc.com/2026/01/22/trump-tariffs-greenland-europe-deal-taco-trade-sell-america.html
This is intresting because I also believe that this can be very volatile and one small change could send that market down again. Definitely something to keep an eye on as we wait to see what Trump has to say about the tariifs and Greenland situation.
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